• The “D” factor is the factor used in the experience evaluation plan to divide expected losses into primary and excess losses. The “D” ratio is the normal ratio of primary expected losses to total expected losses and varies by state and classification code.

  • “Damage to your rented premises” is one of the limits of liability under the Standard Commercial Liability Policy (CGL); it applies to fire damage to premises rented by the insured and to damage, regardless of cause, to premises (including contents) occupied by the insured for 7 days or less. The base limit is $100,000.

  • Liability Insurance for Damage Caused to Leased Premises - The Garage Supplement was formerly known as Legal Fire Liability Insurance. Garage tenant liability coverage for fire (or other) damage to the rented space occupied by the garage tenant; such coverage is usually provided as an exception to the Care, Custody or Control (CCC) policy. Under the endorsement (CA 25 10) to the standard garage policy, the legal liability of the named insured persons is covered in accordance with the “premise insurance limit” specified in the endorsement.

  • Damage is money, the payment of which, by a court decision, is compensation to the injured plaintiff. Fines, punishments, or injunctions do not usually constitute “harm”.

  • Loss mitigation clause is a term used in connection with uninsured and underinsured motorists (UM/UIM) to refer to the limit of insurance clauses that apply (in some states) to determine how UM/UIM coverage is affected by the availability of other types of coverage (e.g. auto medical benefits, workers’ compensation) that may also apply. On mitigation, any amount payable for damages under coverage is reduced by all amounts paid under the other type of coverage as specified in the applicable UM/UIM confirmation.

  • Data breach notification laws are state laws that define certain reporting requirements after a data breach regarding (1) applicability (i.e. what types of entities are subject to the law and any applicable “threshold” of the affected state of residents that determines whether notice is required or not), (2) notice requirements for parties to be notified that a breach has occurred, (3) notice time requirements, and (4) specific penalties that may be incurred for non-compliance . As of this writing, 48 of the 50 states have their own slightly different data breach notification laws.

  • Data processing insurance is property insurance against all risks associated with electronic data processing (EDI) equipment (computers), computer programs and data. Typically includes coverage for hazards to which such property is particularly susceptible: mechanical failure, electrical shock, and changes in temperature and humidity. Also called “electronic data processing” or “EDP” coverage.

  • Error and omission insurance for data processors provides liability for errors and omissions in the performance of data processing for third parties on a fee basis. Coverage is usually in the form of an application. The policy does not cover liability for personal injury (BI) or property damage (PD), which may create a coverage gap for certain data processing applications, such as medical analysis, where an error in a diagnostic computer program triggers a BI. In addition, when one entity provides services to subsidiaries or its own subsidiaries, coverage generally does not cover claims for errors and omissions (E&O) by those companies or subsidiaries.